Financial Services

Aditya Birla Capital Limited (ABCL)

Chemicals

Aditya Birla Chemicals (Thailand) (ABCTL)

Fashion

Aditya Birla Fashion and Retail Limited (ABFRL)

Aditya Birla Lifestyle Brands Limited

Dining & Experiences

Aditya Birla New Age Hospitality  (ABNAH)

Real Estate

Aditya Birla Real Estate

Renewables

Aditya Birla Renewables (ABRL)

Aditya Birla Sun Life AMC Limited (ABSLAMC)

Carbon Black

Birla Carbon

Paints

Birla Opus Paints

Cellulosic Fibre

Textiles

Grasim Industries Limited

Metals

Hindalco Industries Limited

Jewellery

Indriya

Novelis Inc

Cement

UltraTech Cement Limited

Telecom

Vodafone Idea Limited (Vi)

Hindalco Industries Limited is the metals flagship company of Aditya Birla Group. It is one of Asia’s largest producers of primary aluminium (excluding China), and with its subsidiary Novelis, a global leader in flat rolled products and the world’s largest recycler of aluminium.In India, Hindalco is the largest aluminium downstream player providing customised solutions in flat rolled products and extruded aluminium solutions.Hindalco is India’s largest copper producer, contributing significantly to India’s domestic refined copper requirements. Its copper facility in India comprises a world-class copper smelter, downstream facilities, and a captive jetty.Hindalco operates across the value chain, from bauxite mining, alumina refining, coal mining, captive power plants, and aluminium smelting to downstream rolling, extrusions, and foils. It serves key sectors such as aerospace and defence, building and construction, electricals, and electronics, automotive and transport, beverage packaging, consumer durables and kitchenware, pharmaceuticals and food packaging, EV and renewables, refractories, and ceramics.Hindalco’s global footprint spans 52 manufacturing units across 10 countries (20 plants in India, and 32 overseas units). Hindalco also operates 23 mines. With a cross-cultural workforce of more than 68,500 people, it remains committed to building an agile, responsive, and productive work environment in line with our strategic priorities of value enhancing growth and strong ESG commitment. &nbsp;<h3>Products</h3>Aluminium<ul><li>Primary aluminium</li><li>Aluminium value added.</li><li>Flat Rolled Products (FRP)</li><li>Extrusions</li><li>Foils and packaging solutions</li><li>Metallurgical alumina &nbsp;</li></ul>Copper<ul><li>Cathodes</li><li>Continuous Cast Rods (CCR)</li><li>Gold and silver</li><li>By-products</li><li>Di-Ammonium Phosphate (DAP)</li><li>Sulphuric acid &nbsp;</li></ul>Chemicals<ul><li>Calcined alumina</li><li>Alumina hydrate</li><li>Sustainability</li></ul> Guided by its purpose of building a Greener, Stronger, Smarter world, Hindalco has made sustainability the backbone of its operations and strategy. Some key initiatives include global-first circular economy solutions that utilise bauxite residue as an industry input rather than waste and pioneering responsible mining through developing India’s first Sustainable Mining Charter. Initiatives for carbon neutrality, water positivity, biodiversity, and zero waste to landfill have contributed to Hindalco being recognised as the world’s most sustainable aluminium company by the Dow Jones Sustainability Indices in 2020 and 2021.&nbsp; Hindalco drives R&amp;D in aluminium solutions because these can play a big role in delivering climate action and sustainable decarbonisation for the nation. We innovated India’s first aluminium trailer, bulker, and bus which can save up to 300 tonnes of carbon per vehicle over their lifetime. We are building new-age rail and transport solutions for freight and passenger transport. We are creating an Aluminium-Air battery that does not require a charging infrastructure.Mr. Satish Pai is the Managing Director of Hindalco Industries Limited.

<h3>Hindalco’s consolidated revenue at ₹66,521 crore, up 14%. The company reported all-time high India business PAT at ₹3,581 crore, up 24%.</h3>Key Highlights<ul><li>Aluminium Upstream quarterly EBITDA at ₹4,832 crore, up 14%&nbsp;</li><li>Aluminium Downstream quarterly EBITDA at ₹233 crore, up 55%</li><li>Consolidated EBITDA at ₹8,543 crore, up 5%</li><li>Consolidated PAT before exceptional items at ₹4,051 crore, up 8%</li><li>Consolidated PAT at ₹2,049 crore, impacted by Oswego disruption due to fire</li><li>Consolidated Net Debt to EBITDA at 1.73x as of December 31, 2025 vs 1.33x a year ago</li><li>Hindalco maintains leadership position for the 6th consecutive year in S&amp;P Global Corporate Sustainability Assessment rankings 2025&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li></ul><a href="/businesses/companies/hindalco-industries-limited/">Hindalco Industries Limited</a>, the Aditya Birla Group metals flagship, today reported results for the quarter ended December 31, 2025. Consolidated EBITDA for the third quarter stood at ₹8,543 crore, up 5% from the same quarter last year, and PAT before exceptional Items increased to ₹4,051 crore, up 8% over the prior year quarter. Reported Net Profit was ₹2,049 down from ₹3,735 in the same quarter last year impacted by the Oswego disruption, partly offset by cost efficiency benefits at Novelis, and record profits by the India business.India business continued to outperform on the back of favourable macros coupled with the Company’s focus on resource security, value enhancement through new product development, and operational efficiencies. <a href="/businesses/companies/novelis-inc/">Novelis</a> registered an improvement of 6% in EBITDA per tonne despite lower volumes due to the Oswego disruption, reflecting its focus on cost-optimisation and operational excellence.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Summary of Consolidated Financial Highlights for the Quarter and Nine Months ended December 31, 2025</h3><div class="overflow-x-auto"><figure class="table w-full" style="float:left;width:100%;"><table class="w-full"><tbody><tr><td>Particulars</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q2 FY26</td><td style="text-align:center;">Q3 FY26</td><td style="text-align:center;">% Growth YoY</td><td style="text-align:center;">9M FY25</td><td style="text-align:center;">9M FY26</td></tr><tr><td>Revenue from Operations</td><td style="text-align:center;">58,390</td><td style="text-align:center;">66,058</td><td style="text-align:center;">66,521</td><td style="text-align:center;">14%</td><td style="text-align:center;">173,606</td><td style="text-align:center;">196,811</td></tr><tr><td>EBITDA</td><td style="text-align:center;">8,108</td><td style="text-align:center;">9,684</td><td style="text-align:center;">8,543</td><td style="text-align:center;">5%</td><td style="text-align:center;">25,200</td><td style="text-align:center;">26,900</td></tr><tr><td>PBDT</td><td style="text-align:center;">7,291</td><td style="text-align:center;">8,881</td><td style="text-align:center;">7,662</td><td style="text-align:center;">5%</td><td style="text-align:center;">22,655</td><td style="text-align:center;">24,462</td></tr><tr><td>Exceptional Income/ (Expenses) (Net)</td><td style="text-align:center;">-41</td><td style="text-align:center;">-182</td><td style="text-align:center;">-2,610</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">-885</td><td style="text-align:center;">-2,792</td></tr><tr><td>Profit Before Tax</td><td style="text-align:center;">5,296</td><td style="text-align:center;">6,540</td><td style="text-align:center;">2,829</td><td style="text-align:center;">-47%</td><td style="text-align:center;">15,787</td><td style="text-align:center;">15,045</td></tr><tr><td>(After Exceptional Item)</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">&nbsp;</td></tr><tr><td>Profit/ (Loss) After Tax</td><td style="text-align:center;">3,735</td><td style="text-align:center;">4,741</td><td style="text-align:center;">2,049</td><td style="text-align:center;">-45%</td><td style="text-align:center;">10,718</td><td style="text-align:center;">10,794</td></tr><tr><td>EPS (₹/Share) - Basic</td><td style="text-align:center;">16.82</td><td style="text-align:center;">21.35</td><td style="text-align:center;">9.23</td><td style="text-align:center;">-45%</td><td style="text-align:center;">48.25</td><td style="text-align:center;">48.61</td></tr></tbody></table></figure>(₹ Crore)&nbsp;</div><div class="page-break" style="page-break-after:always;">&nbsp;</div><h3>Commenting on the results, Mr. Satish Pai, Managing Director, Hindalco Industries, said,</h3>"Hindalco sustained its growth momentum amid global volatility, led by all-time high performance by its India business. This strength helped offset the impact of tariffs and theOswego disruption, supported by disciplined cost management and operational efficiencies across segments.We made strong progress across our downstream portfolio with the commissioning and ramping up of key projects including Aditya FRP, battery foil, AC fin-coating, and Copper tubes, positioning us well for emerging growth opportunities.We have entered the next phase of growth with a clear roadmap to expand upstream capacities across alumina, aluminium and copper with aluminium capacity planned to scale up from1.3 million tonnes to 1.7 million tonnes, and copper smelting capacity from 400 KT to 700 KT. &nbsp;Novelis’ underlying performance remains strong despite short-term capacity constraints from the Oswego disruption. The 600 KT Bay Minette project, on track for commissioning in the second half of FY27, will be a key growth driver.Sustainability remains central to our strategy, with Hindalco achieving the highest ESG score in the aluminium industry for the sixth consecutive year in the S&amp;P Global CSA rankings."&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Advancing Sustainably</h3>Hindalco achieved a total score of 89/100 (as of December 19, 2025) in the S&amp;P Global Corporate Sustainability Assessment (CSA) rankings, placing it five points ahead of its closest peer and reflecting steady improvements across environmental, social and governance parameters. Hindalco scored 90 in the Environmental dimension, placing it in the 100th percentile, driven by advancements in water stewardship, biodiversity management, and circular economy initiatives. Key highlights include expanded rainwater harvesting of almost 18 million m3, cumulative plantation of 5.41 million trees, 3 lakh mangroves and native species on 164 Ha of land, and over 11 million tonnes of waste utilization conserving natural resources. Hindalco is the only company to secure top ranking for six consecutive years in the Aluminium Industry Segment of the S&amp;P Global Corporate Sustainability Assessment (CSA) rankings. The S&amp;P Global CSA (Corporate Sustainability Assessment) is the world’s leading provider of ESG ratings, and the most sustainable global companies are considered for inclusion in the list.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>Segment-wise Performance in Q3 FY26</h3><h4>Novelis*</h4><div class="overflow-x-auto"><figure class="table" style="float:left;width:90%;"><table><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q3 FY26</td><td style="text-align:center;">9M FY25</td><td style="text-align:center;">9M FY26</td></tr><tr><td>Shipments</td><td style="text-align:center;">Kt</td><td style="text-align:center;">904</td><td style="text-align:center;">809</td><td style="text-align:center;">2,800</td><td style="text-align:center;">2,713</td></tr><tr><td>Revenue</td><td style="text-align:center;">$ Mn</td><td style="text-align:center;">4,080</td><td style="text-align:center;">4,186</td><td style="text-align:center;">12,562</td><td style="text-align:center;">13,647</td></tr><tr><td>Business Segment EBITDA</td><td style="text-align:center;">$Mn</td><td style="text-align:center;">367</td><td style="text-align:center;">348</td><td style="text-align:center;">1,329</td><td style="text-align:center;">1,186</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/tonne</td><td style="text-align:center;">406</td><td style="text-align:center;">430</td><td style="text-align:center;">475</td><td style="text-align:center;">437</td></tr></tbody></table></figure></div><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Revenue at $4.2 billion, up 3%, driven by higher metal prices &nbsp;</li><li>Adjusted EBITDA at $348 million, down 5% due to the impact of lower volumes, tariffs and disruption due to Oswego fires</li><li>Cost take-out run rate at more than $150 million by end of FY26&nbsp;</li><li>Bay Minette and other strategic investments projects advancing well&nbsp;</li><li>Oswego plant to restart hot mill in Q1 FY27&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; *As per US GAAP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li></ul><h4>Aluminium (India)</h4>Aluminium Upstream:<div class="overflow-x-auto"><figure class="table" style="float:left;width:90%;"><table class="min-w-full"><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q3 FY26</td><td style="text-align:center;">9M FY25</td><td style="text-align:center;">9M FY26</td></tr><tr><td>Shipments</td><td style="text-align:center;">Kt</td><td style="text-align:center;">338</td><td style="text-align:center;">345</td><td style="text-align:center;">995</td><td style="text-align:center;">1,011</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">9,993</td><td style="text-align:center;">10,620</td><td style="text-align:center;">27,957</td><td style="text-align:center;">30,029</td></tr><tr><td>Business Segment EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">4,222</td><td style="text-align:center;">4,832</td><td style="text-align:center;">11,424</td><td style="text-align:center;">13,436</td></tr><tr><td>EBITDA/tonne</td><td style="text-align:center;">$/tonne</td><td style="text-align:center;">1,480</td><td style="text-align:center;">1,572</td><td style="text-align:center;">1,369</td><td style="text-align:center;">1,523</td></tr></tbody></table></figure></div><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Quarterly Upstream revenue at ₹10,620 crore, up 6%</li><li>Aluminium Upstream EBITDA at ₹4,832 crore, up 14%, driven by higher volumes and realisations&nbsp;</li><li>Aluminium Upstream EBITDA per tonne at $1,572, up 6%, with margins of 45%</li><li>Aditya Aluminium smelter expansions on track with expected commissioning in FY29&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li></ul>Aluminium Downstream:<ul><li>Sales of Aluminium Downstream at 108 KT, up 9%&nbsp;</li><li>Downstream revenue at ₹3,909 crore, up 22%</li><li>Record Aluminium Downstream EBITDA at ₹233 crore, up 55% on account of higher shipments and favourable product mix</li><li>Downstream EBITDA per tonne at $241, up 35%&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;</li></ul><h4>Copper</h4><div class="overflow-x-auto"><figure class="table" style="float:left;width:90%;"><table class="min-w-full"><tbody><tr><td>Particulars</td><td style="text-align:center;">UOM</td><td style="text-align:center;">Q3 FY25</td><td style="text-align:center;">Q3 FY26</td><td style="text-align:center;">9M FY25</td><td style="text-align:center;">9M FY26</td></tr><tr><td>Total Metal sales</td><td style="text-align:center;">Kt</td><td style="text-align:center;">120</td><td style="text-align:center;">122</td><td style="text-align:center;">356</td><td style="text-align:center;">359</td></tr><tr><td>*Of which CCR Sales</td><td style="text-align:center;">Kt</td><td style="text-align:center;">95</td><td style="text-align:center;">82</td><td style="text-align:center;">285</td><td style="text-align:center;">283</td></tr><tr><td>Revenue</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">13,732</td><td style="text-align:center;">18,233</td><td style="text-align:center;">40,138</td><td style="text-align:center;">47,682</td></tr><tr><td>EBITDA</td><td style="text-align:center;">₹ Cr</td><td style="text-align:center;">777</td><td style="text-align:center;">595</td><td style="text-align:center;">2,411</td><td style="text-align:center;">1,902</td></tr></tbody></table></figure></div><div class="page-break" style="page-break-after:always;">&nbsp;</div><ul><li>Copper metal sales at 122 KT, up 1%</li><li>Copper Continuous Cast Rod (CCR) sales at 82 KT, down 14% due to due to weaker domestic market on account of higher</li><li>LME and higher channel inventories</li><li>Revenue at ₹18,233 crore, up 33%, due to higher copper prices &nbsp;</li><li>Maintained EBITDA of ₹595 crore despite declining TC/RCs market</li><li>Copper Tubes project progresses to commissioning phase</li><li>Construction of copper recycling project progressing on schedule&nbsp;</li></ul>

Hindalco Q3 FY26 Results: Growth momentum sustained on the back of record India business performance

Aditya Birla New Age Hospitality (ABNAH) was founded by Mr. Aryaman Vikram Birla with the goal of building the most preferred house of F&amp;B brands. ABNAH currently operates Jolie's, an exclusive luxury club in Mumbai. It has also collaborated with renowned chef Rahul Akerkar to launch a chain of premium casual dining restaurants across India.&nbsp;<h3>Hospitality portfolio</h3>Jolie’s: Jolie's is a members-only luxury club located in Worli, Mumbai. Covering 20,000 square feet, the club has been meticulously designed by the finest architects and features nine transformative zones, offering members an eclectic sanctuary away from home.Hakkasan: Hakkasan India was established in June 2011 in Bandra, Mumbai, and has since become one of the city’s most popular dining destinations. It captures the essence of London’s contemporary culinary scene and distinguishes itself as one of the only restaurants in India to offer a modern approach to authentic Cantonese cuisine.Yauatcha: Yauatcha offers a unique luxury dining experience, artfully blending dim sum, mixology, tea, and European patisserie. This modern-day tea house delivers authentic Cantonese cuisine, curated from the finest ingredients.Nara Thai: The Nara brand philosophy revolves around creating spaces that bring families and friends together over delicious food. Nara Thai has two outlets in Mumbai, one at Bandra-Kurla Complex and the other at Colaba, both offering diners the vibrant and exquisite flavours of Thai cuisine along with the signature warmth of Thai hospitality.CinCin: CinCin is an inviting all-day dining destination that appeals to all ages and appetites. It prides itself on honouring classic Italian cuisine, crafting every dish using locally sourced, seasonal ingredients.ODE: A chain of premium casual dining restaurants across India in collaboration with chef Rahul Akerkar.Waarsa: A premium casual dining restaurant serving signature Awadhi food.Bay 21: A luxury banqueting space in Mumbai.Supa San: a Japanese izakaya-style restaurant in Mumbai's Bandra Kurla Complex (BKC)Mr. Udai Pinnali is the Chief Executive Officer of Aditya Birla New Age Hospitality (ABNAH).&nbsp;

Denmark-based international café is known for its freshly prepared juices, shakes, coffee, and sandwiches made to order.Aditya Birla Group’s hospitality arm, <a href="/businesses/companies/aditya-birla-new-age-hospitality-abnah/">Aditya Birla New Age Hospitality (ABNAH)</a>, today announced a strategic partnership with JOE &amp; THE JUICE to launch and operate the international café brand in India. &nbsp;This marks Aditya Birla Group’s foray into scalable food services format as part of its strategy to build a comprehensive portfolio of brands, in this category, straddling across occasions and price points.The Danish brand joins Aditya Birla Group’s growing portfolio of food services brands, comprising international brands like Yauatcha, Hakkasan and Nara Thai and home-grown brands such as CinCin, Ode, Waarsa and Supa San. The first flagship of JOE &amp; THE JUICE store is targeted to open in the second half of 2026.Founded in Copenhagen in 2002, JOE &amp; THE JUICE has grown to more than 480 locations across Europe, the United States, the Middle East, Africa and Asia. JOE &amp; THE JUICE is as much about culture and community as it is about ingredients. &nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3><img class="image_resized image-style-align-right" style="width:35%;" src="https://www.cms.adityabirla.com/uploads/aditya_birla_group_brings_the_international_cafe_brand_joe_the_juice_to_india_64c486f38c.webp" alt="aditya-birla-group-brings-the-international-cafe-brand-joe-the-juice-to-india.webp">Announcing this strategic partnership, Aryaman Vikram Birla, Director, Aditya Birla Management Corporation Private Limited and founder of ABNAH said:</h3>&nbsp;“India is at an inflection point of consumption, led by structural tailwinds of rising discretionary spending, favourable demographics and premiumisation. The Aditya Birla Group has been expanding across diverse consumer businesses including fashion and lifestyle, food services, jewellery, paints, and digital-first brands. Anchored in deep insights, category understanding, and operational efficiencies, the Group is well placed to build, and scale differentiated brands for India’s aspiring consumers.We believe that JOE &amp; THE JUICE is uniquely positioned at the convergence of health, convenience, and experience. It squarely fits into our strategy for the hospitality business and sets a strong foundation for scalable formats.”&nbsp;&nbsp;<div class="page-break" style="page-break-after:always;">&nbsp;</div><h3> On this occasion, JOE &amp; THE JUICE’s CEO Thomas Noroxe said,</h3>“We view India as a pivotal market in our long-term growth strategy and are proud to partner with the Aditya Birla Group on this journey. This marks JOE &amp; THE JUICE’s first true strategic entry in Asia - into a market experiencing rapid development, with consumer preferences evolving quickly, particularly towards premium and health-focused offerings. With the Aditya Birla Group’s strong operational capabilities and proven track record in building and operating premium lifestyle brands, we have an ideal platform to launch and scale JOE &amp; THE JUICE.At JOE &amp; THE JUICE, our core philosophy has always been about pushing the envelope - spreading the benefits of health, wellness and community."JOE &amp; THE JUICE was advised by AMBIT CAPITAL PRIVATE LIMITED.

Aditya Birla Group brings the international café brand, “JOE & THE JUICE” to India

Grasim Industries Limited is the flagship company of Aditya Birla Group. It started as a textiles manufacturer in India in 1947. Today, it has evolved into a leading diversified player with leadership presence across many sectors. It is a leading global producer of Viscose, Diversified Chemicals, Linen Yarn and Fabrics producer in India.&nbsp;The company recently has entered paints business under the brand name ‘Birla Opus’ and would be setting up six plants of manufacturing decorative paints across Pan India locations.&nbsp;Leveraging the Group synergies, Grasim has launched “Birla Pivot”, the B2B online marketplace for building materials. Through its subsidiaries, UltraTech Cement, Aditya Birla Capital and Aditya Birla Renewables, it is also India’s prominent cement producer, leading diversified financial services player and clean energy solutions player.&nbsp;<h3>Grasim has a strong presence in the market through following businesses:</h3>Viscose Staple FibreGrasim is India's pioneer in VSF — a man-made, bio-degradable fibre that is fast emerging as a sustainable alternative to cotton. A versatile fibre, VSF is used in apparel, home textiles, dress materials, knit wears and non-woven applications. Grasim’s business, Birla Cellulose, has a range of fibres which can be used in their original form, or can be blended with all natural and synthetic fibres for enhanced comfort and feel.Starting production in 1954 at Grasim’s Nagda facility, the business has grown steadily over seven decades. The Pulp &amp; Fibre Business of Grasim derives its competitive edge from its integrated business model, with captive raw materials - dissolving grade wood pulp, caustic soda, carbon-disulphide, power generation and steam.Birla Cellulose’s product portfolio includes Livaeco™ by Birla Cellulose, Birla Modal™, Birla Excel™, Birla Viscose™ and Birla Spunshades™. Birla Cellulose fibres are of natural origin, moisture absorbent, have soft feel, and are completely biodegradable.&nbsp;Viscose Filament YarnGrasim Industries Limited is the largest viscose filament yarn (VFY) manufacturer in India and the 3rd largest globally. The company is also the largest VFY exporter in India with exports to 45 countries.VFY business became a part of Grasim Industries Limited on 1st July 2017, following the merger of Aditya Birla Nuvo Limited. Subsequently, Grasim acquired the rights to operate and manage the Century Rayon division of Century Textiles and Industries Limited (CTIL) from 1st February 2018. Since then, Grasim’s VFY production capacity has increased to 48 KTPA.Represented as the brand Raysil® (formerly known as RayOne), VFY is of 100% natural origin and its product portfolio includes 20 deniers to 1200 deniers of both bright and dope dyed viscose filament yarns. Its versatility, superior drape, fluidity and lustre make it a popular choice for manufacturing fabrics such as georgettes, crepes, chiffons, and many more.Grasim’s VFY is manufactured at its twin locations in Shahad, Maharashtra and Veraval, Gujarat.&nbsp;ChemicalsIn 1972, Grasim’s chemicals business was set up to manufacture caustic soda for the company’s VSF unit. Today, it is one of India’s largest caustic soda producers and is a market leader in the chlor-alkali segment. &nbsp;Over the years, Grasim’s chemicals business has created a strong foothold in the industry and offers a wide range of products from chlorine derivatives to epoxy.Chlor-alkali: In 2016, Grasim’s merger with Aditya Birla Chemicals India Ltd. (ABCIL) helped catapult the company’s caustic soda capacity from 452 KTPA to 884 KTPA making it the largest producer of caustic soda in India back then. Today, Grasim’s total caustic soda capacity is 1,290 KTPA. Through brownfield expansion, Grasim plans to expand the caustic soda capacity to 1,530 KTPA from 1,290 KTPA by 2024.The business uses cost-effective membrane cell technology and is largely self-sufficient in power. For gainful utilisation of chlorine, the business has portfolio of chlorine derivatives like Stable Bleaching Powder (SBP), Polyaluminium Chloride (PAC), Chlorosulphonic Acid (CSA), Chlorinated Paraffin Wax (CPW), Calcium Chloride (CaCl), Aluminium Chloride (AlCl) and Chloromethane (CMS).Epoxy: The business’ epoxy products range from basic products like liquid epoxy resins to value added products like formulated resins, reactive diluents and hardeners. The manufacturing complex at Vilayat houses a 123 KTPA capacity epoxy plant. Through expansion, Grasim plans to double the epoxy capacity to 246 KTPA by FY2024.&nbsp;TextilesGrasim ventured into the textiles industry in 1949 by setting up Jaya Shree Textiles at Rishra, West Bengal. Today, Jaya Shree Textiles is one of India’s leading linen and wool manufacturers. It has four strategic business units (SBUs) i.e., linen spinning, linen fabric, wool combing and worsted spinning. Today, Jaya Shree Textiles sells its products in over 50 countries, spanning across six continents.Jaya Shree Textiles has provided the evolving Indian fashion industry with an international edge. Finest flax is sourced from France, Belgium and other parts of Europe to make 100% pure linen. Cutting edge European technology is used to spin the fibres, weave and dye them which makes it unique and difficult to replicate. This superior technology also enables Jaya Shree Textiles to manufacture over 3000 different types of weaves, textures and blends. The company has significantly revolutionised the Indian textile market by popularising linen in India across a wide customer base with its brand ‘Linen Club’.Linen Club is the largest linen fabric brand in India with expertise in linen manufacturing and design, for more than 70 years. Linen Club is the pioneer of linen in India and is now retailed through both exclusive retail outlets and multi-brand outlets. It is the largest linen retail chain in the world.&nbsp;Know more about <a href="/businesses/brands/linen-club/">Linen Club</a>&nbsp;InsulatorsAditya Birla Insulators is India’s largest manufacturer of electrical insulators and is amongst the top four insulator manufacturers globally. It produces the widest range of insulators in India including insulators for transmission lines &amp; substations up to 1200 kV voltage level, as well as equipment &amp; railways. Its total installed manufacturing capacity is 56,400 TPA with specialisation in both ceramic and composite insulators. The company commissioned Composite Hallow Core Insulators (CHCI) plant at Halol which is a joint venture between Aditya Birla Power Composites Limited (ABPCL) with Maschinenfabrik Reinhausen GmbH of Germany in 2019.Know more about <a href="/businesses/companies/aditya-birla-insulators/">Aditya Birla Insulators</a> and <a href="/businesses/companies/aditya-birla-power-composites-limited-abpcl/">Aditya Birla Power Composites Limited</a>&nbsp;PaintsThrough Birla Opus, Grasim aims to be one of the biggest players in the fast-growing decorative paints industry. It plans to set up six manufacturing plants in Haryana, Punjab, Karnataka, Tamil Nadu, Maharashtra, and West Bengal till FY 2025 with a total capacity of 1,332 MLPA and a project cost of ₹10,000 Crore.The trial run for Birla Opus’s three plants began in the third quarter of FY23-24. It’s painting service, branded as PaintCraft, had completed projects at more than 150 sites by December 2023.&nbsp;&nbsp;B2B E-CommerceBirla Pivot, the B2B e-Commerce platform for building solutions, is a business unit of Grasim Industries Ltd. Birla Pivot will primarily focus on MSMEs in the Building Materials segment with the potential to further extend to other relevant categories. It’s key value proposition is an integrated procurement solution including on-time delivery and a superior product range at competitive pricing.&nbsp;Covering a spectrum of building materials, Birla Pivot aims to become a one-stop destination for all procurement needs. Birla Pivot has already onboarded over 120 brands and 5500+ SKUs (stock keeping units), providing its customers with a diverse range of categories &amp; products. These categories are steel, cement, tiles &amp; surfaces, ply &amp; laminates, doors, windows, sanitary &amp; bath fitting, among others. The platform is rapidly launching across North, West &amp; South India.

<h3>KEY HIGHLIGHTS – Q3FY26</h3><ul><li>Revenue: Consolidated revenue stood highest-ever at ₹44,312 Cr., up 25% YoY.</li><li>Cellulosic Staple Fibre: Specialty sales volume share reached 26%, led by higher exports.</li><li>Chemicals: Caustic sales volumes stood highest ever at 313 KT, up by 4% YoY.</li><li>Cement: EBITDA up by 29% YoY driven by operational efficiencies and lower logistics, fuel and power costs.</li><li>Birla Opus: Market share gains accelerated with QoQ revenue growth of nearly 3 times the industry growth rate.</li><li>Birla Pivot: Annualised Revenue Run-rate (ARR) crosses milestone of ₹8,500 Cr.&nbsp;</li><li>Financial Services: Total Lending portfolio (NBFC + HFC) grew by 30% YoY at ₹1,90,386 Cr.&nbsp; &nbsp;</li></ul><h3>CONSOLIDATED FINANCIAL RESULTS</h3><figure class="table" style="float:left;width:100%;"><table><tbody><tr><td style="text-align:center;">9MFY26</td><td style="text-align:center;">9MFY25*</td><td style="text-align:center;">YoY</td><td style="text-align:center;">&nbsp;</td><td style="text-align:center;">Q3FY26</td><td style="text-align:center;">Q3FY25*</td><td style="text-align:center;">YoY</td></tr><tr><td style="text-align:center;">124,330</td><td style="text-align:center;">104,211</td><td style="text-align:center;">19%</td><td style="text-align:center;">Revenue</td><td style="text-align:center;">44,312</td><td style="text-align:center;">35,378</td><td style="text-align:center;">25%</td></tr><tr><td style="text-align:center;">17,861</td><td style="text-align:center;">13,475</td><td style="text-align:center;">33%</td><td style="text-align:center;">EBITDA</td><td style="text-align:center;">6,215</td><td style="text-align:center;">4,679</td><td style="text-align:center;">33%</td></tr><tr><td style="text-align:center;">3,161</td><td style="text-align:center;">2,339</td><td style="text-align:center;">35%</td><td style="text-align:center;">Adjusted PAT^</td><td style="text-align:center;">1,168</td><td style="text-align:center;">820</td><td style="text-align:center;">42%</td></tr></tbody></table></figure> <a href="/businesses/companies/grasim-industries-limited/">Grasim Industries Limited</a> (BSE: 500300, NSE: GRASIM) today announced its financial results for the quarter ended 31st December 2025. Consolidated revenue for Q3FY26 stood at ₹44,312 Cr., up by 25% YoY led by robust performance across businesses. Consolidated EBITDA in Q3FY26 stood at ₹6,215 Cr. up by 33% YoY, driven by favorable operating leverage and improved cost efficiencies. Consolidated adjusted PAT for the quarter grew by 42% YoY to ₹1,168 Cr. The TTM consolidated revenues stood at ₹1,68,597 Cr., up 14% compared to FY25.Standalone revenue for the quarter crossed a historic milestone of ₹10,000 Cr. reaching ₹10,432 Cr., up by 28% YoY led by robust growth from Paints and B2B E-commerce coupled with stable core businesses Cellulosic Fibres and Chemicals. Standalone EBITDA in Q3FY26 was up by 57% YoY to ₹585 Cr. led by superior performance in Cellulosic Fibres and Textiles businesses, partially offset by initial investment in new businesses ‘<a href="/businesses/companies/birla-opus-paints/">Birla Opus</a>’ and ‘Birla Pivot’ which are on a clear roadmap for profitable growth in the coming years. &nbsp;<h3>Cellulosic Fibres (Cellulosic Staple Fibre: CSF and Cellulosic Fashion Yarn: CFY)</h3>The China CSF market witnessed a seasonal recovery with operating rates in Q3FY26 reaching its highest levels of 94%, compared to 89% in Q3FY25. Moreover, inventory levels declined to its lowest of 12 days in 9MFY26, reflecting a healthier demand-supply scenario. The stability in CSF pricing during the current year is underpinned by disciplined supply conditions, globally, which has decoupled price movement of CSF vis-à-vis competing fibres like Cotton and Polyster. While the Government of India rescinded the Quality Control Order (QCO), domestic CSF prices continue to remain stable on account of demand and supply equation.CSF sales volume grew by 7% YoY at 219KT led by higher exports and recovery of volumes lost due to temporary logistics challenges in the previous quarter. Specialty sales volumes were up by 31% YoY led by higher exports during the quarter. CFY business performance stood flat on YoY basis, constrained by subdued downstream demand and persistent pricing pressure from low‑cost imports from China. Cellulosic Fibres segment revenue stood at ₹4,298 Cr., up 9% YoY mainly led by volume growth and favourable product mix. EBITDA stood at ₹491 Cr., up by 48% YoY led by operating efficiencies and lower key input costs (pulp &amp; caustic). &nbsp;<h3>Chemicals (Chlor-Alkali, Chlorine Derivatives and Specialty Chemicals)</h3>Caustic soda international average spot prices (CFR-SEA) for Q3FY26 stood at 2-Yr low levels of $443/ton, down by 14% YoY. However, domestic caustic realisations stood stable due to rupee depreciation. Higher negative Chlorine realisations due to lower demand from end-user industries impacted ECU which stood at ₹32,079/ton, down by 6% YoY.Caustic sales volumes stood highest-ever at 313 KT, up 4% YoY led by stable domestic demand. Overall Chemicals business revenue stood at ₹2,345 Cr., up 5% YoY. Specialty Chemicals revenue grew by 10% YoY; however, profitability was down due to higher input prices, mainly ECH. EBITDA was lower by 4% YoY at ₹315 Cr. due to lower ECU and lower profitability in Specialty Chemicals business. &nbsp;<h3>Building Materials (Cement, Paints and B2B E-commerce)</h3>Building Materials segment reported revenue of ₹25,173 Cr., up 30% YoY, led by all-round performance across Cement, Paints and B2B Ecommerce. EBITDA stood at ₹3,737 Cr., up 33% YoY, led by improved profitability in the Cement business.Cement business, UltraTech’s total capacity (India + Overseas) stood at 194.06 mtpa. The business is expanding capacity to 240.8 mtpa by Mar-28. Consolidated sales volumes for Q3FY26 stood at 38.87 MT, up by 15% YoY, with the ‘UltraTech’ brand outperforming the market with volume growth of 22.3% YoY. The ready-mix concrete sales volumes stood at 3.96 Mn m3, up 25% YoY. UltraTech Building Solutions (UBS) continues to expand its retail presence with 5,290 outlets now contributing 20.4% of total domestic grey cement sales volume. Operating EBITDA/Mt (excl. India Cement) stood at ₹1,051, up 15% YoY led by operating leverage and cost management. Green power mix for Q3Y26 stood at 42.1% with a target to reach 85% by FY30. Cement business revenue stood at ₹21,830 Cr., up 23% YoY mainly led by volume growth.Paints business, Birla Opus, market share gains accelerated in Q3FY26 with QoQ revenue growth of nearly 3 times the Indian Decorative Paints industry growth rate (inclusive of Birla Opus). As per internal estimates, the combined (Birla Opus and Birla Putty) revenue market share expanded by more than 300 bps YoY, strengthening its #3 position in the industry. Birla Opus’ exponential growth is underpinned by rising brand acceptability, rapid expansion of its distribution network, strong secondary sales growth and consistent differentiation through superior product quality. Birla Opus, the 2nd largest player by capacity (~24%) in the Decorative Paints market, continues to steadily ramp-up its capacity utilisation across its manufacturing plants. More than 7.5 lakh painters have applied Birla Opus products since launch, and they have appreciated Opus quality based on better coverage, superior brightness and industry best features. The Opus brand geographical coverage has reached 10,400+ towns including metro, large and mid-small towns. Institutional sales continue to gain traction during the quarter supported by increasing project wins and specification approvals among institutional clients (including Government, Builders &amp; Enterprises). The product range has now reached 216 products, 1,848 SKUs across Emulsions, Enamels, Waterproofing, Wood finish, Wallpaper &amp; others. PaintCraft, the recently launched Birla Opus premium painting service, expanded its coverage across 5,000+ pin codes. Given the success of the ‘Opus Boy’ campaign, a new advertising campaign, Colors of togetherness’ has been launched. In a short span of 12-15 months, Birla Opus, has risen to clear #2 position as “Top of the Mind” consumer recall brand amongst all Indian Paint brands.B2B E-Commerce business, Birla Pivot, crossed the milestone of ₹8,500 Cr. annualised revenue run-rate (ARR) and is set to surpass the same well ahead of its FY27 guidance. This was led by accelerated momentum in new product categories such as Non‑Ferrous, Chemicals and Bitumen. This was further supported by expanding geographical reach, strong new customer additions, healthy repeat ordering behaviour and rising transaction volumes. Birla Pivot is steadily reinforcing its digital platform by broadening its customer footprint, deepening credit programmes, enhancing sourcing efficiency and driving end‑to‑end digitisation. &nbsp;<h3>Financial Services business, Aditya Birla Capital</h3>Revenue of the financial Services business, as consolidated in accordance with Ind AS, grew by 27% YoY to ₹11,948 Cr. The overall lending portfolio (NBFC and HFC) increased by 30% YoY to ₹1,90,386 Cr. The total AUM (AMC, life insurance and health insurance) grew by 19% YoY to ₹5,98,166 Cr. The business continues to provide customers complete flexibility to choose their channel of interaction across branches, digital platforms and channel partners. The D2C platform, <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">ABCD (Aditya Birla Capital Digital)</a> offers a comprehensive portfolio of 26+ products &amp; services such as payments, loans, insurance, and investments. It has seen a healthy uptake with about 9.3 million customers till Jan-26. Udyog Plus, a B2B platform for MSMEs, continues to scale up well with total AUM of ₹5,000+ Cr. ABCL continues to expand its pan-India network with 30 new branches added taking the total branch count across all businesses to 1,742 as of Dec-25. &nbsp;<h3>Other Businesses (Textiles, Renewables, and Insulators)</h3>Revenue from other businesses stood at ₹1,010 Cr., up 24% YoY and EBITDA stood at ₹234 Cr. up 84% YoY, driven by robust performance in the Renewables and Textiles businesses. Textiles business revenue grew by 11% YoY at ₹620 Cr. led by stable demand for premium textiles. EBITDA of Textiles business stood at ₹37 Cr. compared to ₹6 Cr. in Q3FY25 led by normalisation of input prices mainly in the linen segment. Renewables business revenue stood at ₹221 Cr. up by 82% YoY, largely due to higher capacities. The cumulative installed capacity stood at 1.95 GWp with capacity share of 43% with Group companies. &nbsp;<h3>Capital Expenditure</h3>Capital expenditure (capex) for Q3FY26 stood at ₹369 Cr. and for 9MFY26 stood at ₹1,310 Cr. In Cellulosic Fibres, Phase-1 of 55 KTPA (out of total 110 KTPA) is progressing well and commissioning is targeted by mid-2027. &nbsp;<h3>Sustainability</h3>Demonstrating its strong commitment to sustainability and operational excellence, Birla Opus’s manufacturing units achieved Integrated Management System (IMS) certification across manufacturing operations. The Company continues to strengthen its environmental stewardship by scaling up the integration of clean energy sources and enhancing circular water management across its manufacturing footprint. On a standalone basis, the proportion of recycled water to freshwater consumption has increased to 50% (vs. 45% in FY25). The share of renewable capacity power share to total power requirement stood at 24% (vs. 11% in FY25). &nbsp;<h3>Outlook</h3>Grasim Industries is strongly positioned to capitalise on India’s accelerating economic momentum, driven by sustained public capex, infrastructure expansion and manufacturing-led growth. The Government’s Viksit Bharat vision, anchored in investments across transport, housing, energy transition and urban infrastructure continue to create durable demand across Grasim’s businesses. With a strong balance sheet and future-focused investments in place, Grasim is uniquely positioned to participate meaningfully in the next phase of India’s growth journey.&nbsp;

Grasim Industries Q3FY26 results: Robust performance across businesses

Aditya Birla Capital (ABCL) is the finance flagship of Aditya Birla Group. ABCL is a listed systemically important non-deposit taking Non-Banking Financial Company (NBFC) and the holding company of the financial services businesses.&nbsp;ABCL and its subsidiaries/JVs provides a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 61,600 employees, the businesses of ABCL have a nationwide reach with over 1,690 branches and more than 200,000 agents/channel partners along with several bank partners.ABCL and its subsidiaries/JVs manage aggregate assets under management of over Rs. 5.11 Lakh Crore with a consolidated lending book of over Rs 1.65 Lakh Crore as of June 30, 2025. &nbsp;<h3>Aditya Birla Capital Limited is the holding company of all the following financial services businesses:</h3><ul><li>Aditya Birla Health Insurance Co. Limited</li><li>Aditya Birla Housing Finance Limited</li><li>Aditya Birla Sun Life AMC Limited</li><li>Aditya Birla Sun Life Pension Fund Management Limited</li><li>Aditya Birla Asset Reconstruction Company Limited&nbsp;</li><li>Aditya Birla Money Limited</li><li>Aditya Birla Wellness Private Limited</li><li>Aditya Birla Capital Digital Limited &nbsp;</li></ul><h3>Products</h3><h4>Finance</h4><ul><li>Home finance</li><li>Personal finance</li><li>SME finance</li><li>Real estate finance</li><li>Project finance</li><li>Loan again securities</li><li>Corporate finance</li><li>Debt capital market</li><li>Loan syndication &nbsp;</li></ul><h4>Asset management</h4><ul><li>Mutual funds</li><li>Wealth</li><li>Stocks and securities</li><li>Private equity</li><li>PMS</li><li>Real estate investment</li><li>Pension funds &nbsp;</li></ul><h4>Insurance</h4><ul><li>Life insurance</li><li>Health insurance</li><li>Motor insurance</li><li>Corp general insurance</li><li>Travel insurance &nbsp;</li></ul><h4>Advisory</h4><ul><li>Money advise tool</li></ul>

<ul><li>Consolidated revenue1 increased 30% y-o-y to ₹ 14,181 crore</li><li>Consolidated profit after tax2 increased 41% y-o-y to ₹ 983 crore</li><li>Total lending portfolio grew 30% y-o-y and 7% q-o-q to ₹ 1,90,386 crore</li><li>Mutual fund quarterly average AUM: &nbsp;4,43,233 crore (↑ 15% y-o-y)</li><li>Life insurance individual first year premium: &nbsp;3,076 crore in 9M FY26 (↑ 19% y-o-y)</li><li>Health insurance gross written premium: &nbsp;4,651 crore in 9M FY26 (↑ 39% y-o-y)&nbsp;</li><li>Udyog plus, B2B platform for MSMEs crossed ₹ 5,000 crore AUM</li><li>ABCD, D2C Platform recorded ~ 9.3 mn customer acquisitions</li><li>Aditya Birla Housing Finance raises ₹ 2,750 crore of growth capital from Advent International at a valuation of ₹ 19,250 crore, on a post money basis, to sustain growth momentum and increase market share &nbsp;</li></ul><a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited</a> (“The Company”) announced its unaudited financial results for the quarter and nine months ended December 31, 2025.The consolidated revenue1 grew by 30% year-on-year to ₹ 14,181 crore. The consolidated profit after tax2, excluding exceptional and one-off items, grew by 41% year-on-year to ₹ 983 crore. The overall lending portfolio (NBFC and HFC) grew by 30% year-on-year and 7% sequentially to&nbsp; ₹ 1,90,386 crore as on December 31, 2025. The total AUM (AMC, life insurance and health insurance) grew by 19% year-on-year to ₹ 5,98,166 crore as on December 31, 2025. The life insurance individual first year premium grew by 19% year-on-year to ₹ 3,076 crore in 9M FY26 and health insurance gross written premium grew by 39% year-on-year to ₹ 4,651 crore in 9M FY26.The Company’s D2C platform, ABCD offers a comprehensive portfolio of more than 26 products and services such as payments, loans, insurance, and investments. It has seen a healthy uptake with about 93 lakh customer acquisitions till date. The integrated B2B platform for the MSME ecosystem, Udyog Plus, enables seamless and paperless digital journeys for business loans, supply chain financing and other value added services. The platform has scaled significantly with 24 lakh registrations and has crossed an AUM of ₹5,000 crore as of December 31, 2025.The Company continues to expand its pan-India network with 30 new branches added, taking the total branch network across businesses to 1,742 branches as of December 31, 2025.Meetings of the Board of Directors of Aditya Birla Capital Limited (“ABCL”) and Aditya Birla Housing Finance Limited (“ABHFL”) were also held today to consider and approve the proposal for a primary capital infusion of approximately Rs. 2,750 Crore in ABHFL (a wholly owned subsidiary of ABCL) from Indriya Limited, one of the entities of Advent International (“Advent”). The completion of the transaction is subject to regulatory approvals and other customary conditions. ABHFL plans to utilize the capital to sustain its growth momentum and increase market share. &nbsp;<h3>Key Business Highlights:</h3><h4>NBFC Business - Q3 FY26</h4><ul><li>Disbursements grew by 41% year-on-year to ₹ 21,417 crore</li><li>AUM grew by 24% year-on-year and 6% sequentially to ₹ 1,48,182 crore&nbsp;</li><li>Profit before tax grew by 29% year-on-year and 8% sequentially to ₹ 1,036 crore&nbsp;</li><li>Return on assets improved by 15 bps year-on-year and 5 bps sequentially to 2.25%&nbsp;</li><li>Gross stage 2 and 3 ratio improved by 145 bps year-on-year and 23 bps sequentially to 2.80% &nbsp;</li></ul><h4>Housing Finance - Q3 FY26</h4><ul><li>Disbursements grew by 30% year-on-year and 7% sequentially to ₹ 6,165 crore&nbsp;</li><li>AUM grew by 58% year-on-year and 10% sequentially to ₹ 42,204 crore&nbsp;</li><li>Profit before tax grew by 109% year-on-year and 18% sequentially to ₹ 229 crore&nbsp;</li><li>Return on assets increased by 54 bps year-on-year and 14 bps sequentially to 1.96%</li><li>Gross stage 2 and 3 ratio improved by 15 bps sequentially and 82 bps year-on-year to 0.95% &nbsp;</li></ul><h4>AMC Business - Q3 FY26</h4><ul><li>Mutual fund quarterly average assets under management grew by 15% year-on-year to 4,43,233 crore with equity mix at 45%</li><li>Equity QAAUM grew by 11% year-on-year to ₹ 1,99,442 crore&nbsp;</li><li>Individual monthly average assets under management grew by 7% year-on-year to 2,11,862 crore</li><li>Folios serviced increased by 3% year-on-year to about 1.08 crore</li><li>Profit before tax grew by 19% year-on-year to ` 358 crore &nbsp;</li></ul><h4>Life Insurance Business - 9M FY26</h4><ul><li>Individual First Year Premium (FYP) grew by 19% year-on-year to ₹ 3,076 crore&nbsp;</li><li>Market share in individual FYP increased by 20 bps year-on-year to 4.7%&nbsp;</li><li>Renewal premium grew by 18% year-on-year to ₹ 7,725 crore&nbsp;</li><li>Net value of new business (VNB) margin increased by 380 bps year-on-year to 14.6%</li><li>Absolute net VNB grew by 52% year-on-year to ₹ 485 core &nbsp;</li></ul><h4>Health Insurance Business - 9M FY26</h4><ul><li>Gross written premium grew by 39% year-on-year to &nbsp; 4,651 crore</li><li>Standalone health insurer market share increased by 210 bps year-on-year to 14.2%&nbsp;</li><li>Combined ratio improved to 111% (9M FY25: 114%)</li></ul>

Aditya Birla Capital posts strong Q3 FY26 results

Aditya Birla Lifestyle Brands Limited (ABLBL) emerged after the vertical de-merger of western wear brands within the Madura Fashion and Lifestyle’s business from Aditya Birla Fashion and Retail Limited (ABFRL) into a newly incorporated entity.ABLBL encompasses the lifestyle brands of Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter. Additionally, it has youth-fashion western wear brands of American Eagle, innerwear business under Van Heusen and the sportswear business of Reebok.Over the years, this portfolio has carved out a leadership position in the market, consistently delivering business outcomes across revenue growth, profitability, cash flow and return on capital employed.As of 31 March 2025, with a retail space spanning over 4.7 million square feet across India, ABLBL has a strong network of 3,305 brand stores and presence across 37,000+ multi-brand outlets and 7000+ shop in shop across departmental stores.

<h3>Financial Performance</h3>The Board of Directors of the Company, at its meeting today, approved the results for the quarter ended 31st December 2025. These financials are post factoring in necessary adjustments under Ind AS. Please note these results should be read in conjunction with the investor presentation. &nbsp;<h4>Financials ABLBL – Q3</h4><figure class="table" style="width:100%;"><table><thead><tr><th style="text-align:center;">In Rs. Cr.</th><th style="text-align:center;">Q3 FY25</th><th style="text-align:center;">Q3 FY26</th><th style="text-align:center;">Growth % (vs. LY)</th></tr></thead><tbody><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">Revenue</td><td style="text-align:center;">2138</td><td style="text-align:center;">2343</td><td style="text-align:center;">10%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">EBITDA</td><td style="text-align:center;">355</td><td style="text-align:center;">431</td><td style="text-align:center;">21%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">PBT&nbsp; (normalized)</td><td style="text-align:center;">83</td><td style="text-align:center;">132</td><td style="text-align:center;">59%</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">&nbsp;PBT (reported)&nbsp;&nbsp;</td><td style="text-align:center;">83</td><td style="text-align:center;">91</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">&nbsp;&nbsp;&nbsp;PAT (reported)</td><td style="text-align:center;">60</td><td style="text-align:center;">69</td><td style="text-align:center;">&nbsp;</td></tr><tr><td style="border-bottom:1.0pt solid windowtext;border-left-style:none;border-right-style:none;border-top-style:none;height:23.7pt;mso-border-bottom-alt:solid windowtext .5pt;mso-border-top-alt:solid windowtext .5pt;padding:0cm 5.4pt;width:100.1pt;" width="133">PAT&nbsp; (normalized)</td><td style="text-align:center;">60</td><td style="text-align:center;">100</td><td style="text-align:center;">66%</td></tr></tbody></table></figure>* PAT &amp; PBT normalized excludes one-time exceptional item pertaining to Statutory Impact of New Labour Code &nbsp;<h3>Performance Highlights for the Quarter</h3><ol><li>ABLBL posted 10% growth YoY, with revenue at Rs. 2343 Cr for the quarter&nbsp;<ol><li>Lifestyle Brands grew 9% YoY</li><li>Emerging business up 13% vs LY</li><li>9M YTD Revenue stood at Rs. 6222 Cr, up 6% YoY</li></ol></li><li>Quarter saw strong, broad-based growth across channels<ol><li>ABLBL posted 6th consecutive quarter of strong retail LTL&nbsp;<ol><li>6% LTL growth across a 3000+ store network, building on a strong 13% LTL growth in Q3 last year</li><li>All emerging brands delivered double-digit LTL growth</li></ol></li><li>E-com and wholesale channel posted double digit YoY growth this quarter</li></ol></li><li>ABLBL Q3 EBITDA grew by 21% YoY, reflecting continued improvement in operating performance<ol><li>EBITDA Margin expanded to 18.4%, an increase of 180 bps YoY<ol><li>Lifestyle brands margin was up ~90 bps</li><li>Emerging business portfolio margin expanded by 790 bps vs LY</li></ol></li><li>9M YTD saw margin expansion of ~100 bps to reach 16.9%</li></ol></li><li>PAT normalized for ABLBL in Q3 stood at Rs. 100 Cr vs Rs. 60 Cr LY; up 66% YoY</li><li>ABLBL expanded its retail footprint with 90+ gross store additions during Q3<ol><li>Total presence now at 3315 stores with area spanning ~4.8 Mn sq.ft.</li><li>9M YTD gross store addition at 220+ &nbsp;</li></ol></li></ol><h3>Business performance</h3><a href="/businesses/companies/aditya-birla-lifestyle-brands-limited/">Aditya Birla Lifestyle Brands Limited (ABLBL)</a> comprises of -<ul><li>Lifestyle brands - Louis Philippe, Van Heusen, Allen Solly, Peter England and Simon Carter&nbsp;</li><li>Emerging Business - American Eagle, Sportswear brand Reebok and Innerwear business under Van Heusen &nbsp;</li></ul>Lifestyle brands – Q3 revenue grew 9% to reach Rs. 2002 Cr. led by strong multi-channel performance. EBITDA for the business was Rs. 413 Cr. resulting in an EBITDA margin of 20.6%, up 90 bps YoY.Brands expanded their footprint with 70+ gross store additions in Q3, kickstarting a rapid network expansion phase. Brands continued with their premiumization journey, while further strengthening relevance and adoption amongst younger consumers. Over the past year, the store network has undergone a meaningful transformation, with over 50% of stores now offering an expanded casualwear assortment, enhancing brand relevance and driving higher customer engagement.Emerging business portfolio delivered profitable growth this quarter. Overall revenue grew by 13%. Without Forever 21 in the base quarter, growth is 19%. &nbsp;Portfolio posted robust retail LTL growth of 16% in Q3 with EBITDA margin expanding 790 bps YoY. These brands are now present across 375+ stores, with 20+ new stores added during the quarter. &nbsp;<h3>Way Forward</h3>Our portfolio accelerated its growth momentum during the quarter, underpinned by strong performance across emerging brands and non-retail channels, further strengthening an already well-established retail presence. This growth momentum is expected to sustain as we continue to power our product innovation engine while accelerating distribution expansion.Built on a foundation of deep consumer understanding, a portfolio of strong brands, and experienced leadership talent, these growth initiatives position the business to deliver sustained, long-term value.

Q3FY26: ABLBL delivers double-digit sales growth with strong performance across channels

The Boards of Directors of <a href="/businesses/companies/aditya-birla-capital-limited-abcl/">Aditya Birla Capital Limited (“ABCL”)</a> and Aditya Birla Housing Finance Limited (“ABHFL”) approved a proposal for a primary capital infusion of Rs. 2,750 Crore in ABHFL (a wholly owned subsidiary of ABCL) from Indriya Limited, one of the entities of Advent International (“Advent”). The completion of the transaction is subject to shareholder approval, regulatory approvals and other customary conditions.The transaction values ABHFL at Rs.19,250 crore, on a post money basis. Upon completion of the transaction, ABCL will hold about 85.7% and Advent will hold about 14.3% stake in ABHFL.ABHFL is one of the fastest growing housing finance companies in India and is among the top 3 players in terms of incremental loan book growth. The AUM of ABHFL grew by a CAGR of 48% over the last three years to Rs. 42,204 crore as of December 31, 2025. It has maintained best-in- class asset quality with gross stage 3 ratio of 0.54% and net stage 3 ratio of 0.23%. ABHFL plans to utilize the capital to sustain the current growth momentum and increase market share.Commenting on the transaction, <a href="/our-story/leadership/mr-kumar-mangalam-birla/">Mr. Kumar Mangalam Birla</a>, Chairman, Aditya Birla Group said, “India’s housing sector is at a defining inflection point, driven by progressive policy initiatives such as the Pradhan Mantri Awas Yojana, a sustained thrust on affordable urban housing, and the expanding reach of urban and rural infrastructure. These reforms have broadened housing demand across diverse income segments and geographies. Structured, transparent, and accessible housing finance will play a pivotal role in unlocking the next phase of large-scale growth. The proposed capital infusion will strengthen ABHFL’s financial foundation, enable deeper market penetration, and enhance its ability to shape India’s inclusive and sustainable housing finance ecosystem.”Ms. Vishakha Mulye, MD &amp; CEO, Aditya Birla Capital Limited said, “Over the last few years, we have significantly scaled our businesses, and at ABHFL, we have built a full-stack housing finance franchise with a strong focus on prime and affordable segments, and construction finance. Today, ABHFL has a pan-India distribution footprint with a robust omnichannel sourcing network. This growth has been anchored in large market opportunities and sustained investments in technology, digital platforms, distribution, and talent enabling a scalable and resilient operating model. With this proposed capital raise, we enter the next phase of expansion for our housing finance business with a clear focus on sustaining growth momentum and increasing market share.”Shweta Jalan, Managing Partner at Advent International, said, "We are excited to partner once again with the Aditya Birla Group through our investment in Aditya Birla Housing. India's mortgage market is benefiting from strong structural tailwinds, led by supportive government initiatives and a constructive regulatory framework. Against this backdrop, Aditya Birla Housing has built a high-quality, trusted franchise with strong risk practices and governance standards that are synonymous with Aditya Birla Group companies. We have strong conviction in the leadership team and are delighted to support them as the Company enters its next phase of growth.”

Aditya Birla Housing Finance raises INR 2,750 Crore of growth capital from Advent International

Aditya Birla Group forayed into branded jewellery retail business in 2024 with the launch of its brand, Indriya, under the company, Novel Jewels.Rooted in Sanskrit, Indriya signifies strength and the power of the five senses—elements that drive our consciousness and shape our experiences. The brand's insignia, a graceful Female Gazelle, symbolises the senses and epitomises feminine beauty and elegance. Indriya is not just about our identity; it’s about celebrating the profound love women have for jewellery.Indriya is a "New Age Jewellery" brand that transforms the jewellery experience for every Indian. With a projected 50% CAGR and 3x the industry growth over the next decade, Indirya aspires to become one of the top three jewellery retailers within the first five years of its launch, and potentially the largest direct-to-consumer retailer under Aditya Birla Group.Indriya offers over 20,000 curated and 8,000 exclusive designs, crafted for various occasions. Currently Indriya has 27 stores across New Delhi, Hyderabad, Mumbai, Pune, Ahmedabad, Jaipur, Patna, Indore, Surat, Lucknow, Vijayawada, and &nbsp;Bhubaneswar. It plans to open 100 stores across India by FY2026.Mr. Sandeep Kohli is the Chief Executive Officer of Novel Jewels.

<a href="/businesses/companies/indriya/">Indriya</a>, Aditya Birla Jewellery showcases its collection for the first time-ever at Paris Couture Week in collaboration with renowned designer Gaurav Gupta as the official jewellery partner. Known for its focus on fine craftsmanship and design superiority, Indriya takes the artistry of Indian jewellery to one of the world’s most prestigious fashion platforms with this partnership.This season, Gaurav Gupta’s couture draws inspiration from the concept of dualities, elements that coexist and complete one another, rooted in Ardhanarishvara, the divine union of the masculine and feminine The collection explores contrasts that shape creation itself, such as structure and fluidity, form and formlessness, strength and grace.Anchored in India’s rich aesthetics and cultural heritage, Indriya’s designs continue Gaurav Gupta’s sculptural couture vocabulary, precise, luminous and sculptural. The jewellery pieces enhances the fluid and structured architecture of the garments. Jewels become points of light that move with the wearer, connecting body, craft and couture.Couturier Gaurav Gupta said “Jewellery, for me, is not an embellishment of the body, but an extension of its inner geometry. In The Divine Androgyne, each form becomes a vessel of energy, memory, and quiet power. Working with Indriya felt instinctive, their language of heritage and ornament offered the perfect balance of tradition and restraint, complementing the collection without ever overpowering it.”Shantiswarup Panda, Head of Marketing and Visual Merchandising at Indriya, Aditya Birla Jewellery, said “Indriya takes pride in bringing the finest nuances of Indian art, craft, architecture and culture into its design vocabulary and its nuanced story telling. Our collaboration with Gaurav Gupta is an endeavour to present to the world, the beautiful Indian concept of duality in a unique manner though the Paris Couture Week.”&nbsp;Abhishek Rastogi, Head of Design at Indriya, added “Immersed in the Gaurav Gupta’s Universe, our fine jewellery, led by diamonds and gemstones, and complemented by sculptural gold, has been carefully curated to work in harmony with the collection’s bold silhouettes and flowing forms. Each piece enhances the couture, bringing together precision, craftsmanship and artistic expression.”&nbsp;

Indriya, Aditya Birla Jewellery, showcases its exquisite designs at Paris Couture Week with renowned designer Gaurav Gupta 

UltraTech Cement Limited is the cement flagship company of Aditya Birla Group. A USD 8.9 billion company, UltraTech is the largest manufacturer of grey cement, ready-mix concrete (RMC) and white cement in India.&nbsp;UltraTech is the second largest cement company (globally by capacity) and the largest by sales volume (excluding China). The Company has a consolidated production capacity of 194.06 Million Tonnes Per Annum (MTPA) of grey cement. UltraTech is the only cement company globally (outside of China) to have 175+ MTPA of cement manufacturing capacity in a single country. The Company’s business operations span UAE, Bahrain, Sri Lanka and India.UltraTech’s manufacturing footprint comprises of 34 integrated manufacturing units, one Clinkerisation unit, 34 grinding units and 10 bulk packaging terminals. With 425 Ready Mix Concrete (RMC) plants in 163 cities, UltraTech is the largest manufacturer of concrete in India. It has a slew of speciality concretes that meet specific needs of discerning customers.&nbsp;UltraTech has a network of over 1.45 lakh channel partners across the country and has a market reach of more than 80% across India. In the white cement segment, UltraTech goes to market under the brand name of Birla White. It has two White Cement units and four Wall Care putty units, with a current capacity of 2.6 MTPA.&nbsp;In 2025, UltraTech extended its footprint in the construction value chain, through wires and cables segment with a planned capital expenditure of ~ INR 1,800 crore over the next 2 years.The Company’s social initiatives focus on education, healthcare, sustainable livelihoods, community infrastructure and social causes. Through its CSR initiatives, UltraTech reaches out to more than 1.8 million beneficiaries in over 500 villages across India.UltraTech is also a founding member of Global Cement and Concrete Association (GCCA). It is a signatory to the GCCA Climate Ambition 2050 and has committed to the Net Zero Concrete Roadmap announced by GCCA. UltraTech is focused on accelerating the decarbonisation of its operations, and is the first company in India and the second company in Asia to issue dollar-based sustainability linked bonds. UltraTech works to actively contribute to the social and economic development of the communities in which it operates in.&nbsp;

<div><figure class="table" style="margin:0.9em;"><table><tbody><tr><td>&nbsp;</td><td colspan="2">Consolidated</td></tr><tr><td>Particulars&nbsp;</td><td>Q3FY26</td><td>Q3FY25</td></tr><tr><td>Net Sales</td><td>21,506</td><td>17,555</td></tr><tr><td>PBIDT</td><td>4,051</td><td>3,142</td></tr><tr><td>Normalised PAT</td><td>1,792</td><td>1,359</td></tr></tbody></table></figure></div>The Composite Scheme of Arrangement between Kesoram Industries Limited (“Kesoram”), the Company and their respective shareholders and creditors, was effective from 1st March, 2025. The Appointed Date of the Scheme is 1st April, 2024. Consequently, the Company has restated its financial results with effect from 1st April, 2024. UltraTech Cement Limited, an Aditya Birla Group company today announced its financial results for the quarter ended 31st December, 2025.&nbsp;&nbsp; &nbsp;<h3>FINANCIALS</h3>Consolidated Net Sales was Rs.21,506 crores vis-à-vis Rs. 17,555 crores over the corresponding period of the previous year, registering a growth of 23%. Profit before interest, depreciation and tax was Rs. 4,051 crores compared to Rs. 3,142 crores. Normalised Profit after tax was Rs. 1,792 crores compared to Rs. 1,359 crores.Pursuant to the implementation of the new Labour Code in the country with effect from 21st November, 2025, the Company has recognised Rs. 88 crores as an exceptional expense towards additional Gratuity and Leave Encashment obligations. PAT after this one-time cost stands at Rs. 1,725 crores.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>OPERATIONS</h3>UltraTech continues to deliver strong performance quarter after quarter. Overall capacity utilisation stood at 77% for the quarter, compared to 72% during the same period last year.UltraTech achieved a growth of 29.4% in domestic grey cement markets, excluding the sales volumes of India Cements and Kesoram from the corresponding previous period, as these entities were not part of the Company for the entire period. “UltraTech” as a Cement brand has grown 22.3% with the rapid improvement of quality of product from these acquired assets and integration of its marketing and logistics.Operating EBITDA per ton improved to Rs. 1,051 excluding India Cements, improving from Rs. 911/mt over the previous year.India Cements is on its recovery path with sales volumes of 2.59 ml mt, a growth of 25% over last year. With improvement in the efficiency and productivity, completion of capex plans and brand transition to UltraTech, the company will start generating targeted profitability in line with the holding company.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>CAPACITY EXPANSION&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</h3>UltraTech’s capacity expansion programme continues at a strong pace.During the quarter, UltraTech commissioned 0.6 mtpa of cement capacity at its grinding unit at Dhule Cement Works, Maharashtra and 1.2 mtpa at the integrated unit at Nathdwara Cement Works, Rajasthan.With these additions, UltraTech’s domestic grey cement capacity stands at 188.66 mtpa. Along with 5.4 mtpa cement capacity in the UAE, the Company’s global capacity now has reached 194.06 mtpa. UltraTech ranks as the second largest cement company globally by capacity and the largest by sales volumes, (ex of China). During the quarter, the Company spent Rs. 2,357 crores on its ongoing capex program and has reduced its net debt ebitda of 1.08 x reflecting its strength in the operating cash flows.UltraTech along with its subsidiary, India Cements Limited, has initiated the next phase of its expansion, to add 22.8 mtpa of capacity, through a mix of brownfield and greenfield projects and work is progressing as scheduled. Post completion of this phase of expansion, the Company will reach a capacity of 240.76 mtpa.The Cables and Wires business is on track, with critical orders placed, civil work on the project site in progress and team is getting on board. The Company is confident of meeting the committed launch timelines of Q3 FY27.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;<h3>SUSTAINABILITY&nbsp;&nbsp;&nbsp;&nbsp;</h3>In line with its stated commitment towards enhancing environment conservation measures, UltraTech commenced 14 MW of WHRS capacity during the quarter. With this, the Company’s total WHRS capacity stands augmented to 383 MW. The share of green power in the Company’s power mix is 42.1% for the quarter.Also Read: <a href="/media/press-releases/ultratech-q2fy26-financial-results/">UltraTech Q2FY26 Financial Results</a>

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